Bill > SJR2

This Joint Resolution proposes an amendment to the New Mexico Constitution to create a dedicated funding stream for early childhood education services by allowing an additional annual distribution of one percent from the state's permanent funds, specifically the permanent school fund, provided the fund's average market value exceeds ten billion dollars. This additional distribution, which would be in place for ten years following the amendment's effective date, is intended for nonsectarian services for children before they are eligible for kindergarten, and the amendment requires approval from the U.S. Congress before it can take effect, with the final decision on whether to adopt this constitutional change to be made by the voters.